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Read ArticlePredicted price range for Bank of America Corp
Our trading algorithm values Bank of America Corp (BAC) to be undervalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | undervalued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $31.7 |
| 60 Day Prediction | $32.89 |
| 60 Day Pred - Lower Bound | $30.52 |
| 60 Day Pred - Upper Bound | $35.25 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.010 * nr_days_in_the_future + 33.189
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
BAC traded at $31.7 this Monday October 17th, gaining since last week.
Looking back, over the last month, BAC has been loosing $-1.45 or -4.57 percent.
Over the last year, it has been loosing $-15.13 or -47.73 percent.
Seasonality of Bank of America Corp
Using our AI model, we have been analyzing the value change for Bank of America Corp depending on the day or month of a year. This can be seen in the following graph:
